Unit 1 Final.pdf - Sophia Welcome Score 15/19 You passed...

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7/30/2020Sophia :: Welcome1/13UNIT 1 — MILESTONE 1Score15/19You passed this Milestone15 questions were answered correctly.4 questions were answered incorrectly. 1Select the statement below that corresponds to the business cycle.The process of expansion and contraction of the GDP Happens between expansions and recessionsShows only the periods of economic declineHappens between recessions and expansions
7/30/2020Sophia :: Welcome2/13CONCEPTBusiness Cycles - Expansionary/Recessionary (NBER) 2 Which of the following could cause a shift in the demand curve? 3Determine which statement below about economics is true.
7/30/2020Sophia :: Welcome3/13 CONCEPTWhat is Economics? 4If the price of a gallon of gasoline in California was $0.99 in 1997 and is currently $3.69, prices have increased by which factor below? 5 Which statement below is true regarding aggregate supply?

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